Los Angeles daily herald. [microfilm reel] (Los Angeles [Calif.]) 1884-1890, 1887-12-28
CHEAP PROPERTY.
The Latest Ripple in the
Boom.
ANAHEIM AFRO USING.
The mother Colony Falls Into
the Line of Great Improve
ments at Last.
ANAHEIM AFRO USING.

! A HERALD reporter met an Ana
helm real estate agent in the streets
yesterday and asked how things are
moving down at the Mother Colony"
| His views arc so flattering to his town
that they seem worthy of more than
passing notice. 1t seems that the
| place is astir-ai every point, and that
great things are TO be done theM and are
being done. The Del Compo Hotel is
being rushed up with MI possible dis
patch the Albrecht Brothers who have
the contract pushing things in every
way. 1t is to be finished by the first OF
February and open for guests. The
tract in which it stands is all being
laid with cement sidewalks, and the
grounds are to be handsomely i'm
proved Then the old pioneer, Theo-
tlore Reiser, has the plans all out for
his big brick block, in which the new
opera house is to be. This will be
upstairs while below is to be a row OF
stores.
Tine graders who were working on
the new railroad to Los Angeles when
the roadbep was completed to Buena
Park were withdrawn and put on at
the Los Angeles end OF the road. a
large force is now working on the
Laguna ranch, just southeast Of this
city. The work is very easy and rapid
progress is being made. By Saturday
night the grade will be finished to the
crossing OF the San Gabriel river, and
it is hoped that the line will be oper-
ating by the end OF January all the
way to San Diego.
The rush OF tourists has found its
way to Anaheim in great force. The
town is full OF them. Houses are so
scarce, and there is such big demand
for them that Moss,s. littlefield and
Goldthwaite are busy trying to get a
lot of handsome cottages finished to
supply the urgent demand. The town
hotels are full all the time. The
reason why SO many new
corners are focking in to the
old colony, is because they
have found out that Anaheim pos
sesses az fine climate as any other
spot in Southern California. During
the unusually cold spell which has
prevailed here, Anaheim has not felt
chill. Even the nights down there
are pleasant and warm. The days
are simply delightful beyond descrip-
ton.
Then there is another very substan-
tial attraction which is drawing hun
dreds Of spectators and investors to
Anaheim to look at property. That is
the price at which property is still
being offered. With the best soil in
the country, with absolutely the
finest water supply in Los Angeles
county, and with such perfect eli
mate. it might be supposed that
lands would be held there at
fancy prices. But the fact is
property has not changed hands there
to any great extent. In the early part
of the "boom." when the people in
other sections were crazy to let 60 of
their realty at ridiculous prices, Ana
helm was a thrifty, prosperous and
therefore contented community. There
was no one in the place who had any
thing for sale. So the first settlers
hold the property still. Now while
everything else has changed hands a
score of times, and at each transfer at
great increase in price, Anaheim
property is not inflated by such a
process. 1t has only just begun to
move upward from bedrock prices.
Three years ago it was held far above
the range in other localities. Now
it is the cheapest in
the county. The speculator
and investor have learned this
fact, and they are now going in in
force to grab piece before the boom
ers get it too high. Rates are on an
up grade and those who bought a
month ago are in a position to get
some benefit out of their invest
ments. Few of them are, however,
IN a MOOD to take advantage of this
possibility. They think they see far
better things in store for them later
OIL, and instead of selling now most OF
them are buying more. Where else
in the country can the best lands,
with plenty of water, be had for 5000
an acre. These statements are abso-
lutely true. The lands are the
best, the climate is the
finest, the water the most
abundant, and the price is cheap as
this. "Where can you duplicate such
purchaser" said the real estate man.
"This 5000 an acre land is right in
town, near the two depots. / tell you
here is nothing like it in Los Angeles
county, and the buyers are getting to
know this" Thus spoke the enthusi-
astic Anaheimer, and from what he
knows of the matter the reporter is